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Paul Foster
Chicago U.S.A. - http://

Paul Foster, a knowledgeable researcher has 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers and acquisitions.

Lowe's (NYSE:LOW) is expected to report Q1 EPS before the open on May 19. LOW June option implied volatility of 35 is below its 26-week average of 39 according to Track Data, suggesting decreasing price movement.

Home Depot (NYSE:HD) is expected to report Q1 before the market open on May 20. HD June option implied volatility of 32 is below its 26-week average of 36 according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Suntech Power (NYSE: STP) closed at $47.12 Thursday.

STP is scheduled to report Q1 EPS on May 22.

STP June option implied volatility of 80 is above its 26-week average of 73 according to Track Data, suggesting larger price movement.

China Sunergy (NASDAQ: CSUN), a manufacturer of solar cell products in China, closed at $12.58 Thursday.

CSUN is expected to report Q1 EPS on May 20.

Cowen says: "Key issues: Ramp of new cells, expense control, liquidity."

CSUN June option implied volatility of 111 is above its 26-week average of 100 according to Track Data, suggesting larger price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Nucor (NYSE: NUE) closed at $81.44 Thursday. NUE is a manufacturer and marketer of steel products. NUE overall option implied volatility of 42 is near its 26-week average according to Track Data, suggesting non-directional price movement.

US Steel (NYSE: X) closed at $176.61. CIBC World has a $175 price target on X. X overall option implied volatility of 48 is near its 26-week of 51 average according to Track Data, suggesting non-directional price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Celgene (NASDAQ: CELG), a biopharmaceutical company with a market cap of $$26 billion, was up $1.51 to $60.80 in pre-open trading.

Cowen says "ECOG Revlimid Study-Interesting Post Hoc Analysis Shows Promising Survival rates With Long-Term Use in The Elderly."

CELG over all option implied volatility of 39 is below its 26-week average of 43 according to Track Data, suggesting decreasing price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Research in Motion Limited (NASDAQ: RIMM) recently up $1.73 to $140.29:

The Wall Street Journal reported RIMM plans to introduce a Touch-Screen Blackberry in Q3. The new BlackBerry will be sold at Verizon Communications, Inc. (NYSE: VZ) and Vodafone Group Plc (ADR) (NYSE: VOD) only. RIMM call option volume of 66,506 contracts compared to put volume of 33,947 contracts. RIMM June option implied volatility of 42 wa below its 26-week average of 57 according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Chesapeake Energy (NYSE: CHK) is the largest independent and third-largest overall producer of natural gas in the U.S.

Bloomberg reports Natural Gas Futures are up 0.20% to 11.621.

CHK option implied volatility of 40 is above its 26-week average of 32 according to Track Data, suggesting larger price movement.

NASDAQ 100-QQQQ overall implied volatility at 24; 26-week average is 28

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

CNet Networks (NASDAQ: CNET) closed at $7.94 Wednesday.

CBS (NYSE: CBS) announced it agreed to buy CNET for approximately $1.8 billion, or $11.50 a shares. CBS says the acquisition will make CBS one of the 10 most popular Internet companies in the United States.

CNET overall option implied volatility of 50 is below its 26-week average of 55 according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

General Electric (NYSE: GE) closed at $32.51 Wednesday.

The WSJ reported that GE is seeking to sell its appliance division.

Smith Barney says: "Reiterate Hold Rating – GE appears to be on the path to much needed portfolio streamlining, but the processes could be disruptive in the near term."

GE overall option implied volatility of 23 is below its 26-week average of 26 according to Track Data, suggesting decreasing price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Volatility Index S&P 500 Options-VIX down 1.14 cents to 16.84 according to Track Data.

Anheuser-Busch (NYSE: BUD) is recently down 38 cent to $51.65.

Stifel Nicolaus lowered its rating on BUD to Hold from Buy on valuation.

BUD call option volume of 23,897 contracts compares to put volume of 3,558 contracts. BUD June option implied volatility of 35 is above its 26-week average of 25 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Autodesk Inc. (NASDAQ: ADSK), a leader of 2D and 3D design software, is at $40.48. ADSK is scheduled to report Q1 EPS on May 15. Goldman Sachs says, "we think it is less likely that shares will rise on earnings."

ADKS May 40 straddle is priced at $2.15, June 40 is at $4.05. ADSK June option implied volatility of 40 is near its 26-week average of 38 according to Track Data, suggesting non-directional price movement after EPS.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Deere (NYSE: DE) was trading at $84.99 in early trading, below its close of $90.19 Tuesday.

DE reported Q2 EPS of $1.74 versus consensus estimates of $1.75.

Goldman Sachs says: "Estimates and price target are under review."

DE May 90 straddle closed at $5.95, June at $11.10. DE June option implied volatility of 47 is above its 26-week average of 43 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Microsoft (NASDAQ: MSFT) closed at $29.78 Tuesday.

MSFT announced on May 5 the withdrawal of its proposal to acquire Yahoo (NASDAQ: YHOO) for consideration of approximately $41 billion.

MSFT had $11.8 billion in cash, $14.5 billion in short-term investments and zero long-term debt as of March 31, 2008.

MSFT paid a special $3 dividend in December of 2004.

MSFT overall option implied volatility of 28 is below its 26-week average of 30 according to Track Data, suggesting slightly less price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Bank of America (NYSE: BAC) is recently down 71 cents to $36.71.

BAC call option volume of 42,197 contracts compares to put volume of 19,995 contracts. BAC June option implied volatility of 30 is below its 26-week average of 34 according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

China Petroleum & Chemical (NYSE: SNP), an energy and chemical company based in the People's Republic of China, closed at $98.35. WTI Crude Futures are down 0.33% to $123.82 according to Bloomberg. SNP overall option implied volatility of 46 is below its 26-week average of 57 according to Track Data, suggesting decreasing price risk.

China Life Insurance (NYSE: LFC) offers products and services, including individual life insurance, accident insurance and health insurance in China. LFC closed at $62.37. LFC overall option implied volatility of 42 is below its 26-week average of 50, suggesting decreasing price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Electronic Arts (NASDAQ: ERTS) closed at $54.27 Monday.

ERTS is scheduled to report Q1 EPS after the market close today.

ERTS unsolicited $2 billion buyout offer for Take Two (NASDAQ: TTWO) expires on May 16.

ERTS May 55 straddle is priced at $3.55. ERTS June option implied volatility of 36 is near its 26-week average according to Track Data, suggesting non-directional price fluctuations after EPS & TTWO offer expiration.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com